The past few years has seen the rise of SPACs, or special purpose acquisition companies. These firms simply offer a way for companies to go public by merging with the SPAC shell corporation. It’s a more efficient way of going public, and has been good for companies such as Virgin Galactic (SPCE) and DraftKings (DKNG).
Investors got overly enthusiastic about the space, however, driving the price of a shell company worth $10 to as high as $15 or $20 in some cases before prices started cratering in February. Now, billionaire Bill Ackman, who launched a SPAC late last year, has announced a potential $40 billion deal to take Universal Music public.
The market hated the news, given the highly complicated nature of the deal, sending shares of the SPAC name well under their cash value, and likely scaring off a potential rebound in SPAC names for months to come.
Now here’s the rest of the news:
There’s Nothing Modern About MMT –Alexander William Salter,Reason
Similar measures have been tried before, right here in America, and they have worked. But that’s actually not good news for modern MMT fans. Here’s why… [Read Here]
Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect” –Wolf Richter,Wolf Street
The Fed’s favorite lowest-of-lowball inflation measures was the highest two months annualized rate since 1985. That’s 50% over the Fed’s inflation target… [Read Here]
June 07, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! The radio communications tower on Signal Hill in St. John’s, Nfld., attracts tourists regularly.
It still sits perched atop high rugged coastline, Eastern Newfoundland, Atlantic Canada.
June 07, 2019
Whenever there is an economic downturn people are not able to fulfill their desires. So those desires get repressed and the more they are thwarted the stronger they become. And desire is what will fuel the next 30 years of economic prosperity. Can’t you feel it? It is building. The greatest economic boom of all time is brewing and today’s Professional Salespeople, Relationship-Marketers and Entrepreneurs will be the ones to take advantage of it. NOW is the time to hone your skills and become a Pro at every aspect of professional selling. INVEST THE TIME TO LEARN HOW TO SELL!
Riddle: Who hired a blimp that said, “British Airways Can’t Get It Up” when they were having construction problems … Driven a tank through the streets of New York to get attention for the launch of Virgin Cola … Rappelled down the side of the Palms Casino in a Tux, and crossed the English Channel in a floating car?
I’m going to bet, you too are a fan of: (answer) Richard Branson.
If you are willing to use a tiny bit of creativity, and work your brand thru social media, you could find yourself getting the “free press and traffic” that would OTHERWISE COST YOU BIG!
“YOU are the brand, and YOU are the expert. Not your product or company.”
YOU should be out there, working for you!
Keep tuned in, right here, ’cause I’m going to have some new training in the month of June that I’ll be letting you know about soon! 😉